philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Cornish Foundation FY2024 filing

Tax-deductible

Seattle, WA501(c)(3)Education EIN 91-2105614Revenue $188K in FY2024Latest return filed Sep 3, 2025

On file with the IRSSeattle, WATax-exempt since Feb 2002Supporting organization — 509(a)(3)

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

Support Cornish College of the Arts

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $23K a year · 13% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$188K
+35% vs prior year
Spent
$200K
To programs
92%
Net assets
$3.7M
By yearFY2020–FY2025
Revenue
$188K
FY2024▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$112K
FY2021$168K
FY2022$255K
FY2023$139K
FY2024$188K
FY2025$229K
Expenses
$200K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$253K
FY2021$191K
FY2022$191K
FY2023$194K
FY2024$200K
FY2025$202K
Net assets
$3.7M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$4.1M
FY2022$3.6M
FY2023$3.3M
FY2024$3.7M
FY2025$3.8M

From the FY2024 Form 990 (year ending May 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $183K Management & general 8% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Chap Alvord
Secretary/Treasurer
$0Pt VII · Sec A
Roger Bass
Director
$0Pt VII · Sec A
Carol Munro
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Deborah Treen
VP Finance & Budget, CFO
$0Pt VII · Sec A
See Cornish Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides financial aid and resources to students at Cornish College of the Arts.

Questions for Cornish Foundation

Tap to ask. Cornish Foundation sees how many people are interested.

Your first name shows with your question. Cornish Foundation answers here, for everyone.

1 program · $183K · in their own filed words · FY2023
01

Provide scholarship support to students at cornish college of the arts. Scholarships were awarded to 47 students.

$183Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $1.1M · 2019–2024
Cornish College of the ArtsWA · FY2024$183,690
Cornish College of the ArtsWA · FY2023$183,450
Cornish College of the ArtsWA · FY2022$182,670
Cornish College of the ArtsWA · FY2021$174,860
Cornish College of the ArtsWA · FY2020$178,030
Cornish College of the ArtsWA · FY2019$242,935

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$188K
Ln 12
Investment incomeLn 3$188K
Money outPt IX
$200K
Ln 25
Programscol B$183K
Managementcol C$17K
Owns and owesPt X
$3.7M
net assets · Ln 32
Total assetsLn 16$3.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$188K
Gains on assetsLn 7$108K
Total revenueLn 12$188K
Assets in detailPt X, end of year
InvestmentsLn 11–13$3.7M
Total assetsLn 16$3.7M
LiabilitiesLn 26$0
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$17K
Share of the $12.8M endowmentSch D 1g0.13%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$12.8M$11.1M$10.8M$10.9M$8.9M
Given inLn 1b$492K$996K$1.1M$26K$94K
SpentLn 1d–1f$444K$430K$419K$431K$485K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
InvestmentsLn 11–13$3.3M$3.7M
Total assetsLn 16$3.3M$3.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.3M$3.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$183K$183K
Investment management feesLn 11f$17K$17K
Total functional expensesLn 25$200K$183K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Sep 3, 2025 $229K$202K$27K$3.8M 990 PDF
FY2024 ViewingFiled with the IRS Apr 14, 2025 $188K$200K−$13K$3.7M 990 PDF
FY2023Filed with the IRS Apr 15, 2024 $139K$194K−$55K$3.3M 990 PDF
FY2022Filed with the IRS Apr 19, 2023 $255K$191K$65K$3.6M 990 PDF
FY2021Filed with the IRS Apr 18, 2022 $168K$191K−$23K$4.1M 990 PDF
FY2020Filed with the IRS Apr 11, 2021 $112K$253K−$142K$3.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $187,831 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $138,746$187,831
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $138,746$187,831
I-13 Grants and similar amounts paidPrior year $182,670$183,450
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,022$16,910
I-18 Total expensesPrior year $193,692$200,360
I-19 Revenue less expensesPrior year −$54,946−$12,529
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $187,831 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $79,914$79,914
VIII-7 Net gain or loss on sales of assetsExcluded from tax $107,917$107,917
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $187,831$187,831
Part IX · Statement of functional expenses $200,360 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $183,450$183,450
IX-11f Investment management feesManagement $16,910$16,910
IX-25 Total functional expensesPrograms $183,450 · Management $16,910 · Fundraising $0$200,360
Part X · Balance sheet $3,653,240 assets, 7 lines filed
X-11 Publicly traded securitiesStart of year $3,285,423$3,653,240
X-16 Total assetsStart of year $3,285,423$3,653,240
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $3,285,423$3,653,240
X-32 Total net assets or fund balancesStart of year $3,285,423$3,653,240
X-33 Total liabilities and net assetsStart of year $3,285,423$3,653,240
Part XI · Reconciliation of net assets $3,653,240 net assets at year end
XI-1 Total revenue$187,831
XI-2 Total expenses$200,360
XI-3 Revenue less expenses−$12,529
XI-4 Net assets at start of year$3,285,423
XI-5 Net unrealized gains (losses) on investments$380,346
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,653,240

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.